The European Commission on Friday will present several changes to the use of regional policy funds, but these will not include an expected extension of the use of money from 2007, with Spain set to lose hundreds of millions of euros.
The phrase Spaniards do not want to hear these days is that their country "faces the risk of decommitment," meaning it could lose considerable amounts of its multi-billion EU regional aid by the end of this year.
Under present EU funding rules, which ...
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